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See how verdicts work4-bedroom house · PE22 9QF
Listing removedListed 233 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Pygott and Crone are proud to market to this fantastic, ready-made equestrian property which boasts a terrific plot of 5.15 Acres (sts), a rural location with open fields surrounding, multiple stables and outbuildings and a viewing is absolutely essential to appreciate.
The farmhouse offers well-presented accommodation comprising of, a spacious lounge, dining room, fitted kitchen, side porch/conservatory, utility room and cloak room to the ground floor.
To the first floor there are four good-sized bedrooms and the main family bathroom. Views of open countryside and the land included in the sale can be enjoyed from most rooms within the house.
Located down a quiet country lane and offering a brilliant rural position, this property is ready made for perspective buyers looking for a well-equipped equestrian property in an extremely private position.
The property itself has ample off road parking for multiple vehicles, front and rear gardens and a garage.
The land is split in to multiple paddocks and there is just over 2 acres (sts) with 5 large stables and a tack room behind and to the side of the property.
To the front of the property an additional field just over three acres (sts) with gated entrance can be found.
This benefits from 2 large mobile field shelters (one two bay and one three bay) and is fully enclosed.
The stables have been constructed by the current owners in 2023 and benefit from a concrete base and timber construction. Four of the stables are almost 16' x 14' and the fifth stable is 10' x 10'.
The stables and tack room have power and lighting and there is a shower/grooming bay with its own soakaway.
The two field shelters are both on skids and measure 12ft x 24 ft (8.5 ft high) and 12ft x 36ft (8 ft high). Agents note :-The property has mains electricity and water connected.
Heating is via an oil fired boiler and radiators. Drainage is to a cess pit & soakaway. The property is double glazed. Viewing is via appointment and through the selling agent Pygott and Crone.
Entrance Porch 3.83m x 2.19m - 12'7" x 7'2" Lounge 6.16m x 4.02m - 20'3" x 13'2" Dining Room 3.9m x 4.01m - 12'10" x 13'2" Kitchen 2.16m x 6m - 7'1" x 19'8" Utility 3.5m x 2.78m - 11'6" x 9'1" WC First Floor Landing Bedroom 1 3.37m x 4.03m - 11'1" x 13'3" Bedroom 2 3.37m x 4.03m - 11'1" x 13'3" Bedroom 3 2.69m x 3.05m - 8'10" x 10'0" Bedroom 4 2.69m x 3.05m - 8'10" x 10'0" Bathroom 1.65m x 2.98m - 5'5" x 9'9" Outside Garage 5.42m x 3.77m - 17'9" x 12'4" Stable 1 4.82m x 4.31m - 15'10" x 14'2" Stable 2 4.84m x 4.31m - 15'11" x 14'2" Stable3 4.84m x 4.32m - 15'11" x 14'2" Passageway 4.84m x 4.3m - 15'11" x 14'1" Stable 4 2.91m x 3.06m - 9'7" x 10'0" Tack Room 1.84m x 2.98m - 6'0" x 9'9" Stable 5 4.84m x 4.24m - 15'11" x 13'11"
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs

FAQ
About Mere Drove, Old Leake, Boston, Lincolnshire, PE22
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